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Side-by-side financial comparison of MARTEN TRANSPORT LTD (MRTN) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.

MARTEN TRANSPORT LTD is the larger business by last-quarter revenue ($210.1M vs $188.3M, roughly 1.1× BRC Group Holdings, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs 1.8%, a 46.2% gap on every dollar of revenue. On growth, MARTEN TRANSPORT LTD posted the faster year-over-year revenue change (-8.8% vs -21.9%). Over the past eight quarters, MARTEN TRANSPORT LTD's revenue compounded faster (-8.3% CAGR vs -15.4%).

Marten Transport, Ltd. is an American trucking company headquartered in Mondovi, Wisconsin. The company offers refrigerated and dry van freight transport services across the United States, Canada, and Mexico.

MRTN vs RILY — Head-to-Head

Bigger by revenue
MRTN
MRTN
1.1× larger
MRTN
$210.1M
$188.3M
RILY
Growing faster (revenue YoY)
MRTN
MRTN
+13.0% gap
MRTN
-8.8%
-21.9%
RILY
Higher net margin
RILY
RILY
46.2% more per $
RILY
47.9%
1.8%
MRTN
Faster 2-yr revenue CAGR
MRTN
MRTN
Annualised
MRTN
-8.3%
-15.4%
RILY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MRTN
MRTN
RILY
RILY
Revenue
$210.1M
$188.3M
Net Profit
$3.7M
$90.3M
Gross Margin
79.5%
Operating Margin
2.2%
32.3%
Net Margin
1.8%
47.9%
Revenue YoY
-8.8%
-21.9%
Net Profit YoY
-34.4%
1710.8%
EPS (diluted)
$0.04
$2.78

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MRTN
MRTN
RILY
RILY
Q4 25
$210.1M
$188.3M
Q3 25
$220.5M
$215.3M
Q2 25
$229.9M
$188.2M
Q1 25
$223.2M
$197.2M
Q4 24
$230.4M
$241.0M
Q3 24
$237.4M
$225.5M
Q2 24
$246.2M
$256.0M
Q1 24
$249.7M
$263.4M
Net Profit
MRTN
MRTN
RILY
RILY
Q4 25
$3.7M
$90.3M
Q3 25
$2.2M
$91.1M
Q2 25
$7.2M
$139.5M
Q1 25
$4.3M
$-10.0M
Q4 24
$5.6M
$-5.6M
Q3 24
$3.8M
$-284.4M
Q2 24
$7.9M
$-433.6M
Q1 24
$9.6M
$-49.2M
Gross Margin
MRTN
MRTN
RILY
RILY
Q4 25
79.5%
Q3 25
83.7%
Q2 25
81.3%
Q1 25
81.4%
Q4 24
79.8%
Q3 24
82.1%
Q2 24
84.5%
Q1 24
85.3%
Operating Margin
MRTN
MRTN
RILY
RILY
Q4 25
2.2%
32.3%
Q3 25
1.2%
30.4%
Q2 25
4.2%
5.7%
Q1 25
2.6%
-31.2%
Q4 24
2.9%
-69.2%
Q3 24
1.8%
-36.4%
Q2 24
4.1%
-90.8%
Q1 24
4.9%
-6.1%
Net Margin
MRTN
MRTN
RILY
RILY
Q4 25
1.8%
47.9%
Q3 25
1.0%
42.3%
Q2 25
3.1%
74.1%
Q1 25
1.9%
-5.1%
Q4 24
2.4%
-2.3%
Q3 24
1.6%
-126.1%
Q2 24
3.2%
-169.4%
Q1 24
3.9%
-18.7%
EPS (diluted)
MRTN
MRTN
RILY
RILY
Q4 25
$0.04
$2.78
Q3 25
$0.03
$2.91
Q2 25
$0.09
$4.50
Q1 25
$0.05
$-0.39
Q4 24
$0.06
$-0.01
Q3 24
$0.05
$-9.39
Q2 24
$0.10
$-14.35
Q1 24
$0.12
$-1.71

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MRTN
MRTN
RILY
RILY
Cash + ST InvestmentsLiquidity on hand
$43.3M
$226.6M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$767.6M
$-171.5M
Total Assets
$949.8M
$1.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRTN
MRTN
RILY
RILY
Q4 25
$43.3M
$226.6M
Q3 25
$49.5M
$184.2M
Q2 25
$35.1M
$267.4M
Q1 25
$39.9M
$138.3M
Q4 24
$17.3M
$146.9M
Q3 24
$43.0M
$159.2M
Q2 24
$77.2M
$236.9M
Q1 24
$73.7M
$190.7M
Total Debt
MRTN
MRTN
RILY
RILY
Q4 25
$1.4B
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$1.4B
Q4 24
$1.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MRTN
MRTN
RILY
RILY
Q4 25
$767.6M
$-171.5M
Q3 25
$768.2M
$-260.5M
Q2 25
$770.7M
$-351.7M
Q1 25
$767.5M
$-496.8M
Q4 24
$767.9M
$-488.2M
Q3 24
$766.5M
$-497.6M
Q2 24
$766.8M
$-218.3M
Q1 24
$762.4M
$228.4M
Total Assets
MRTN
MRTN
RILY
RILY
Q4 25
$949.8M
$1.7B
Q3 25
$975.7M
$1.7B
Q2 25
$991.8M
$1.5B
Q1 25
$983.3M
$1.5B
Q4 24
$968.8M
$1.8B
Q3 24
$1.0B
$2.2B
Q2 24
$1.0B
$3.2B
Q1 24
$993.0M
$5.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MRTN
MRTN
RILY
RILY
Operating Cash FlowLast quarter
$5.6M
$26.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.51×
0.29×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRTN
MRTN
RILY
RILY
Q4 25
$5.6M
$26.2M
Q3 25
$18.5M
$-60.6M
Q2 25
$33.2M
$-25.6M
Q1 25
$36.2M
$184.0K
Q4 24
$23.8M
$-2.7M
Q3 24
$29.5M
$19.5M
Q2 24
$35.8M
$111.5M
Q1 24
$45.7M
$135.4M
Cash Conversion
MRTN
MRTN
RILY
RILY
Q4 25
1.51×
0.29×
Q3 25
8.33×
-0.66×
Q2 25
4.61×
-0.18×
Q1 25
8.35×
Q4 24
4.22×
Q3 24
7.85×
Q2 24
4.54×
Q1 24
4.74×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MRTN
MRTN

Revenue Net Of Fuel Surcharge$91.2M43%
Dedicated$65.9M31%
Brokerage$38.2M18%
Truckload Fuel Surcharge Revenue$14.8M7%
Fuel Surcharge Revenue$9.8M5%

RILY
RILY

Transferred At Point In Time$101.4M54%
Wealth Management Segment$30.7M16%
Corporate Finance Consulting And Investment Banking Fees$27.1M14%
Services And Fees$24.8M13%
Commissions Fees And Reimbursed Expenses$4.8M3%

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